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Tags: Banks / Insurance, Spain,
About 60% of the economy and 80% of the jobs in Spain are with small and medium sized business. The consolidation of banks is leading to loss of local contact. The need to build capital reserves to cover bad loan losses means banks are calling in loans to these businesses. This is happening in smaller towns and cities across Spain, and will worsen the already high 25% unemplyment rate. The credit squeeze is hurting the recovery.
Grouped Articles
Europe’s credit crunch: Mend the money machine
Economist 05/16/2013
The Pain in Spain Falls Mainly on the Cajas
BusinessWeek 02/25/2010
For Some in Europe, High Lending Rates Hamper Recovery
New York Times 05/12/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
Spanish Loan Data Suggests Modest Recovery
Wall Street Journal 10/25/2014
In Spain, Banks Find Dry Lending Landscape
Wall Street Journal 12/04/2014
Grouped Articles
Spanish Loan Data Suggests Modest Recovery
Wall Street Journal 10/25/2014
In Spain, Banks Find Dry Lending Landscape
Wall Street Journal 12/04/2014
Interest rates of about 10% for loans to small business in Portugal in 2014 hamper an economic recovery and job creation. The eurozone struggles to find growth in the first half of 2014, with the economy of Italy and Portugal continuing to shrink and France stalling. The credit squeeze is hurting the recovery.
Grouped Articles
For Some in Europe, High Lending Rates Hamper Recovery
New York Times 05/12/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
Spanish Loan Data Suggests Modest Recovery
Wall Street Journal 10/25/2014
E.C.B. Says Loans to Private Sector Rose in March for First Time in 3 Years
New York Times 04/29/2015
Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.
New York Times 07/22/2018
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